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An Analysis of Regional Economic Growth in the U.S. Midwest

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  • Daniel C. Monchuk
  • John A. Miranowski
  • Dermot J. Hayes
  • Bruce A. Babcock

Abstract

In this paper, we examine more closely some of the forces that underlie economic growth at the county level. In an effort to describe a much more comprehensive regional economic growth model, we address a variety of different hypotheses by introducing a large number of growth-related variables. When formulating our hypotheses and specifying our growth model, we make liberal use of geographic mapping software to describe the data so as to “paint” a picture of where growth spots exist. Our empirical estimation indicates amenities, state and local tax burdens, population density, amount of primary agriculture activity, and demographics have important impacts on economic growth. Copyright 2007, Oxford University Press.

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  • Daniel C. Monchuk & John A. Miranowski & Dermot J. Hayes & Bruce A. Babcock, 2007. "An Analysis of Regional Economic Growth in the U.S. Midwest," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(1), pages 17-39.
  • Handle: RePEc:oup:revage:v:29:y:2007:i:1:p:17-39
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    1. Daniel C. Monchuk & Dermot J. Hayes & John A. Miranowski & Dayton M. Lambert, 2011. "Inference Based On Alternative Bootstrapping Methods In Spatial Models With An Application To County Income Growth In The United States," Journal of Regional Science, Wiley Blackwell, vol. 51(5), pages 880-896, December.
    2. Alexandra Tsvetkova, 2015. "Innovation, Entrepreneurship, and Metropolitan Economic Performance," Economic Development Quarterly, , vol. 29(4), pages 299-316, November.
    3. William H. Kaye-Blake & Caroline M. Saunders & Selim Cagatay, 2008. "Genetic Modification Technology and Producer Returns: The Impacts of Productivity, Preferences, and Technology Uptake," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(4), pages 692-710.
    4. Cho, Seong-Hoon & Lambert, Dayton M. & Roberts, Roland K. & Kim, Seung Gyu, 2008. "Moderating Urban Sprawl through Land Value Taxation," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6150, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Mollick, Andre Varella, 2006. "The Growth of Texas Counties in the 1990s: The Roles of County Size and Industry Clusters," The Review of Regional Studies, Southern Regional Science Association, vol. 36(1), pages 87-120.
    6. Stevenson, Marcie & Artz, Georgeanne, 2017. "Improving rural business development, one firm at a time: A look at the effects of the USDA’s Value-Added Producer Grant on firm survival," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252785, Southern Agricultural Economics Association.
    7. Artelaris, Panagiotis & Arvanitidis, Paschalis & Petrakos, George, 2006. "Theoretical and Methodological Study on Dynamic Growth Regions and Factors Explaining their Growth Performance," Papers DYNREG02, Economic and Social Research Institute (ESRI).
    8. Dan S. Rickman & Shane D. Rickman, 2011. "Population Growth In High‐Amenity Nonmetropolitan Areas: What'S The Prognosis?," Journal of Regional Science, Wiley Blackwell, vol. 51(5), pages 863-879, December.
    9. Monchuk, Daniel C. & Hayes, Dermot J. & Miranowski, John A & Lambert, Dayton M., 2011. "Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States," ISU General Staff Papers 201103240700001526, Iowa State University, Department of Economics.
    10. Bukenya, James O., 2009. "Employment Growth in the Rural South: Do Sectors Matter?," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 45903, Southern Agricultural Economics Association.
    11. Martin Falk & Franz Sinabell, 2008. "The Effectiveness of Objective 1 Structural Funds in the EU 15: New Empirical Evidence from NUTS 3 Regions," WIFO Working Papers 310, WIFO.
    12. Boland, Michael A. & Crespi, John M. & Oswald, Dustin, 2009. "An Analysis of the 2002 Farm Bill’s Value-Added Producer Grants Program," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 27.
    13. Lambert, D. M. & Clark, C. D. & Wilcox, M. D. & Park, W. M., 2007. "Do Migrating Seniors Affect Business Establishment and Job Growth? An Empirical Look at Southeastern Nonmetropolitan Counties, 2000-2004," The Review of Regional Studies, Southern Regional Science Association, vol. 37(2), pages 251-278.
    14. Timothy R. Wojan & Jason P. Brown & Dayton M. Lambert, 2014. "What to Do about the "Cult of Statistical Significance"? A Renewable Fuel Application using the Neyman-Pearson Protocol," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 36(4), pages 674-695.
    15. Jason P. Brown & Stephan J. Goetz & Mary C. Ahearn & Chyi-lyi (Kathleen) Liang, 2014. "Linkages Between Community-Focused Agriculture, Farm Sales, and Regional Growth," Economic Development Quarterly, , vol. 28(1), pages 5-16, February.
    16. Balisacan, Arsenio M. & Mapa, Dennis S. & Briones, Kristine Joy S., 2007. "Robust Determinants of Income Growth in the Philippines," Philippine Journal of Development PJD 2006 Vol. XXXIII Nos., Philippine Institute for Development Studies.
    17. Hong, Junpyo, 2011. "The Role of Amenities in a Regional Economy: A Meta-Analysis Approach," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 34(5), December.
    18. Brown, Jason P. & Pender, John & Wiser, Ryan & Lantz, Eric & Hoen, Ben, 2012. "Ex post analysis of economic impacts from wind power development in U.S. counties," Energy Economics, Elsevier, vol. 34(6), pages 1743-1754.
    19. Lambert, Dayton M. & Cho, Seong-Hoon, 2008. "Forecasting Input Demand Shocks on China's Gross Value of Agricultural Output," The Review of Regional Studies, Southern Regional Science Association, vol. 38(3), pages 343-359.
    20. Yong Chen & David J. Lewis & Bruce Weber, 2016. "Conservation Land Amenities And Regional Economies: A Postmatching Difference-In-Differences Analysis Of The Northwest Forest Plan," Journal of Regional Science, Wiley Blackwell, vol. 56(3), pages 373-394, June.
    21. Dayton M. Lambert & Wan Xu & Raymond J. G. M. Florax, 2014. "Partial Adjustment Analysis of Income and Jobs, and Growth Regimes in the Appalachian Region with Smooth Transition Spatial Process Models," International Regional Science Review, , vol. 37(3), pages 328-364, July.
    22. repec:phd:pjdevt:pjd_2006_vol._xxxiii_nos._1and2-b is not listed on IDEAS

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